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Bearish: at present at 2.0544 in a third wave. We’re on the lookout for a continuation to the ATR at 2.0454 with an general goal the 4.236 Fibo at 2.0314. Watch the USDX for route.
The typical each day true vary (ATR) for the pair is 168 pips per day and it’s 90 day common is 167 pips per day. USDX is at present transferring down.
GBPNZD – Lot of room to the underside
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